Adecco SA (AHEXY) Rating Increased to Buy at Zacks Investment Research

Adecco SA (OTCMKTS:AHEXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $39.00 price objective on the stock. Zacks Investment Research’s price target would suggest a potential upside of 10.23% from the stock’s current price.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

AHEXY has been the topic of a number of other research reports. Credit Suisse Group upgraded shares of Adecco SA from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 19th. Citigroup Inc. upgraded shares of Adecco SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 13th. Barclays PLC restated a “buy” rating on shares of Adecco SA in a research note on Monday, November 28th. Kepler Capital Markets upgraded shares of Adecco SA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Finally, Jefferies Group LLC cut shares of Adecco SA from a “hold” rating to an “underperform” rating in a research note on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $39.00.

Analyst Recommendations for Adecco SA (OTCMKTS:AHEXY)

Shares of Adecco SA (OTCMKTS:AHEXY) opened at 35.38 on Friday. The firm’s 50-day moving average price is $34.78 and its 200-day moving average price is $30.74. Adecco SA has a one year low of $23.41 and a one year high of $36.44. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 16.25 and a beta of 1.33.

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